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IMF comments, blog leave no doubt credible debt relief has to be agreed soon
EconomyProgrammeAlmost two weeks after the publication of its Article IV consultation report on Greece, including its updated debt sustainability analysis, the IMF published on Thursday evening a blog with the Fund’s perspective on dealing with sovereign debt. The article is written by Sean Hagan, general Counsel
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Newsletter 299 - 04/06/2021
is equally critical of the current government when households lose primary residences. Another source... to debt relief measures that include the return of SMP and ANFAs profits by Eurozone central banks.... On the domestic front, the adoption of a new bankruptcy framework, including the end of primary residence
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Newsletter 493 - 06/02/2026
, typically through multi‑year repayment plans that protect primary residences. Under the law, courts... be calculated as simple, non‑capitalised interest on a monthly basis and set at the European Central... lowers the risk that a borrower will fail a court‑mandated plan and lose their primary residence
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Landmark Katseli Law ruling hits lenders, eases borrower burden
EconomyBankingthrough multi‑year repayment plans that protect primary residences. Under the law, courts set the terms... as simple, non‑capitalised interest on a monthly basis and set at the European Central Bank’s main... that a borrower will fail a court‑mandated plan and lose their primary residence. For households
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Newsletter 206 -17/05/2019
by doubts from Greece’s central banker, Yannis Stournaras, who publicly doubted whether there is enough... that Greece’s central banker needs to clarify whether he is using general government data, which forms...) and local governments (+30 million). Central government gross debt dropped by 749 million euros
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Central gov't cash surplus rises to €3 bln in October despite drop in revenues
EconomyMacroeconomyGreece’s central government primary cash balance posted a surplus of 3 billion euros... in the 10-month central government net balance is more pronounced, with the cash deficit shrinking by 75.2... that the central government figures reported by the BoG are purely on a cash basis, while the respective
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Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
EconomyMacroeconomyGreece’s central government primary cash balance posted a surplus of 1.42 billion in 2014 from... and is mainly attributed to Public Investment Budget deficit of 857 million euros. The central government... billion euros from 12.79 billion in 2013. The central government figures reported by BoG are purely
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Drop in revenues drives Jan central government primary cash deficit to 149 mln
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 149 million euros in January 2015 from surplus of 812 million last year, according to the Bank of Greece (BoG). The central... 2014. The central government figures published by BoG are purely on a cash basis, while the respective
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Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February
EconomyMacroeconomyGreece’s central government primary cash balance showed a surplus of 503 million in the first two... of Greece (BoG). The central government net balance posted a deficit of 684 million in the 2-month period from surplus of 139 million last year. BoG reports central government figures purely on a cash basis
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Central gov't cash surplus reaches 1.19 bln in Q1, up 54.3 pct YoY
EconomyMacroeconomyGreece’s central government primary cash surplus widened by 54.3 percent yer on year (YoY) to 1.19... last year. Similarly, the central government net balance showed the deficit narrowed by 19.5 percent... billion last year. Bear in mind that BoG reports central government figures purely on a cash basis, while
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